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AUTO SALES: New Vehicle Sales Drop in March to Close a Down First Quarter in 2020, Edmunds Forecasts

  • Date: 26-03-20
  • Category: AUTO SALES
  • Source: Edmunds

The car shopping experts at Edmunds say that March will be a down month for the auto industry due to the coronavirus (COVID-19) pandemic, forecasting that 1,044,805 new cars and trucks will be sold in the U.S. for an estimated seasonally adjusted annual rate (SAAR) of 11.9 million. This reflects a 35.5% decrease in sales from March 2019 and a 23.4% decrease from February 2020.

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AUTO SALES: VW expects car market to recover in summer

  • Date: 26-03-20
  • Category: AUTO SALES
  • Source: Auto News

BERLIN -- Volkswagen expects the car market in Germany to recover in the summer after the automaker was forced to suspend output due to the coronavirus pandemic.

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AUTO SALES: China - Major cities relax license plate control to spur car sales

  • Date: 26-03-20
  • Category: AUTO SALES
  • Source: Auto News

SHANGHAI – With a big push from President Xi Jinping, large cities across China have finally started to loosen limits on new-vehicle sales.

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PGM PRODUCERS: SA mining faces 15% production knock in 2020 as it prepares for national lockdown

SOUTH Africa’s mining sector could suffer direct production losses of 8% of annual output as a result of the 21-day lockdown due to start at midnight on Thursday.

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PGM PRODUCERS: Implats response to COVID-19 lockdown in South Africa

Implats notes South African President Cyril Ramaphosa’s directive for a 21-day national shutdown of all non-essential businesses and services, effective midnight Thursday 26 March 2020.

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COPPER: First Quantum eyes Cobre Panama stake sale

  • Date: 25-03-20
  • Category: COPPER
  • Source: Mining.com

With a current market capitalization of $2.4 billion, First Quantum trades around three times its earnings before interest, taxes, depreciation and amortization, compared to an average of eight times for mining companies. Its net debt at the end of 2019 stood at $8.8 billion.

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PGM PRODUCERS: Russia's Nornickel extends shift at Bystrinsky mine

MOSCOW, March 25 (Reuters) - Russia’s Norilsk Nickel (Nornickel), the world’s largest palladium producer and a major global nickel producer, has launched additional measures to protect employees amid the coronavirus pandemic, it said on Wednesday.

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AUTO SALES: Coronavirus Impact on Global Auto Demand

  • Date: 25-03-20
  • Category: AUTO SALES
  • Source: IHS Markit

The COVID-19 virus (coronavirus) epidemic is spreading rapidly, with a growing number of countries around the world announcing drastic measures to slow down the infection rates. Key European countries are intensifying already-implemented restrictions, while the United States is starting to implement more aggressive measures in various areas.Over the last few weeks, IHS Markit has been evaluating and analyzing prevailing auto demand conditions in light of these containment directives, alongside i

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